China is rapidly reopening after three years of lockdown
● The end of zero-COVID has implications for growth and inflation globally. ● "China's reopening is happening faster, and earlier, and so is the recovery" China is rapidly reopening after three years of lockdown by abruptly relaxing strict Covid restrictions. Mainland China has opened sea and land crossings, with Hong Kong dismantling a final pillar of a zero-COVID policy that shielded 1.4 billion Chinese residents from the virus. In a Tuesday report, Citi's Chief China Economist Xiangrong Yu said: "We see markets and policymakers looking through the readings as eyes are on the strength and sustainability of China's-post COVID recovery. Reopening is happening faster and earlier, so could the recovery." Following the historic protests, one of the world's tightest COVID regimes relaxed a policy that involved curbs on movement, frequent testing, and massive lockdown s which damaged the world's second-biggest economy. While t...